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The Wheatsheaf, Waltham Cross
Key Features
- Hotel Rooms
- Located next to commuter train station
- High Street location
Summary
The Wheatsheaf is a well-located high-street sports pub in Waltham Cross which has recently had the full externals of the building redecorated. The pub has 40+ covers with room to stand at the bar, a darts board and pool table. The pub benefits from being less than a minute walk from Theobalds Grove trains station which is a London Overground line into going to Liverpool Street as well as having four bed and breakfast hotel rooms that have previously been charged at £45-£55 per night which provides a high margin earning opportunity on top of the drink and food sales. The the manager/tenant’s accommodation consists of two bedrooms, living room, kitchen and bathroom all of which have recently had new carpets fitted to them. The pub is looking for experienced tenant/s to provide a sports and live music offering to the loyal customer base built up already.
Costs
Agreement Type
5year (TAW Negotiable)
Annual Rent
£21,000
Deposit
£5,250
Tie
All beer and cider
Barrelage
175
Estimated Annual Net Turnover
£320,706
Advance Rent
£1,750
Estimated Fixtures & Fittings
£5,000
Estimated Stock & Working Capital
£7,500
Estimated Total Ingoing Costs
£19,500
Estimated Minimum Ingoing Costs
£11,250